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tv   MONEY With Melissa Francis  FOX Business  November 10, 2012 12:00am-1:00am EST

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your coverage was the most impartial and thought out and fair. >> thank you. we are on the fiscal clif no melissa: rhyme melissa francis, and here's what's "money" tonight. gas rationing sweeping the new york region allrom superstorm sandy. that was two weeks ago, by the way. experts said the supply crunch would end days ago. how did they botch this so badly? we're getting some answers, trust me. plus a report says tax hikes on the wealthy won't kill economic growth. you have to check that math. one of the biggest supporters of taxing the rich is here to disagree with me. west gait resorts ceo threatens layoffs if president obama was reelected. now he is singing a very different tune. you won't belief what he really did. david siegel joins me to explain why. even when they say it's not it is always about money.
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melissa: and first, let's take a look at the day's market headlines. stocks squeaked out small gains following their biggest two-day decline for the year. concerns about the fiscal cliff still lingering but better than expected consumer sentiment gave a little optimism to investors. the dow closed up four points. groupon's shares nosedived more than 30% today. the daily deal site reported disappoint earnings on both of top and bottom line. the stock is down more than 86% from its $20 a share ipo price. shares of kayak soared close to 28%. priceline.com announced it will acquire the on line travel site for $1.8 billion. it is their lucky day. let the rationing begin. new york city and long island now imposing alternate day gas rationing, are you kidding me? 11 days after the storm
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slammed the east coast, giant gas lines continue to plague the region. new york city mayor bloomberg said just this morning only a quarter of the city's gas stations are even open at this point. adam shapiro joins me from a hess station in manhattan. adam, i canot believe we still have this problem. >> yeah, believe it. take a look. i want to show you something live. we'll pan over to the line ofars that have gotten into queue to get gasoline. emergency vehicles andthis verizon truck is getting to cut, because if you're working to restore some infrastructure that got knockedut by the storm they're letting you get in. the line is much better today with even odd rationing. only 30 minute wait. we're at 34th street. we're stretching down to 40th street. it has been that way all day long. ben is my photographer. here is the gas station. people many coming in all day long. tanker trucks bringing gasoline. part of the problem according to mayor oomber the distribution centers where tankers go toet
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gasoline were far worse damaged than originally thought. that is one reason, what, 25% of the gas stations in all five boroughs are open and roughly 75% are closed. the other reason electricity on long island got hard hit by the storm, no need to tell anybody waiting for electricity. over 220,000 people are waiting for electricity. that includes the gas stations. you can't pump gas without electricity. that is the situation. mayor bloomberg said lines and even-odd rationing will continue andd could go on three more weeks. at least it is a to minute wait, not a three-hour wait. back to you, melissa. melissa: adam shapiro thanks very much. officials and experts have been saying it would be over by now, remember? listen to this. >> may take a few days before you see the real effects of this additional supplyt your neighborhood service station but there should be less congestion
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from here on out. >> i say we'll see a week before a lot of gas stations are back online. >> my guess, it will be over around the middle of the week, you know, if stations like mine would get delivery, get resupply, you know the line would be over by the middle of the week. melissa: hmmm. what is the deal and when will this actually end? i hesitate to ask again. with me, kevin kerr, president and ceo of kerr trading international. thanks for coming on the program. when folks were saying that i was sort of doubtful this would get straight straightened out. you want to take a stab? how much longer do we have? >> this will be nightmare for the mayor, pr thing, it will be a day, three days, now weeks. a little over quarter of the stations are open we're hearing a lot of different reports. this is not a supply problem of gasoline. it is a problem getting it to the stations and power supply of the bottom line this is embarrassing, very
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good example how bad our infrastructure is and especially in new york city for catastrophe like this. and gas stations are a key component. melissa: gas stations are a key c component. we're talking about some gas stations out of power. you heard adam shapiro. a lot of this has to do with the tanker locations where they're storing the gas. they have damage. they don't have power. whh means that we' going to start stealing supply, we are starting to steal supply from our neighbors. this is a problem that is fanning out impacting neighboring states and will keep going. >> yeah. i don't see a real quickix to this. the supply terminals and other damage we don't even know about yet will be ongoing for a long time. i think wishful thinking it will be over anytime soon. it will improve and probably improve dramatically the next cple weeks but it will be still sluggish for the long term. i'm very concerned about heating oil supplies for this winter as well. refineries have not had time to shut down and do maintenance they need for the most part. this is disruption could
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drag out and winter is early and already is in the northeast and lasts longer than normal. prices could ranch choa up for heating oil when consumers can't afford it, bottom line they can't. melissa: i feel like doing disco dancing because it is 1970s all over in new york. >> when you see the lines, yeah. melissa: unemployment is crazy. i mean this has to do with not being prepared, and the rest of cuntry should be worried as well. is anyone, i know in florida they have backup power for their gas stations because they anticipate this terrible weather but what about the rest of the country? are other places prepared for a storm of any kind? or could this really happen anywhere? >> yeah. of course down here, i'm in palm beach. all the grocery stores and gas stations have this because we have hurricanes. but i think is anomaly in new york. we haven't seen power out more than a day in forever, maybe. another day could be other disasters, terrorist attack. anything could happen. we don't know. i do think retail gas
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stations should no be forced to put in generators. the oil companies could afford it. it is sketchy thing. with bloomberg in charge, we're able to drink as much soda at the movies, i'm sure this will be a new requirement. melissa: right. >> i don't think it is right to do that. it is a good thing but i don't think a right to require it. melissa: give me your bottom line. you're going out on a limb. you saw, we were playing back sound and video who dad to bet how much longer this will take. what is your bottom line? what am i going to be able to pull up to a gas station and get gas again? >> well, you know, supplies are trying to get there. it is terminal problem or distribution area is a problem. i think at the end of the day it will be another week. melissa: another week!. >> well, you know, few days, every day it will get better. they're going what they can. it is so embarrassing for the mayor's office and other states, new jersey handled it fairly well. melissa: i don't know they're lined up. >> they're lined up everywhere but i think it will improve dramatically
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within a couple days and even more so by the end of next week. melissa: kevin, thanks for coming on. you're on the so beware. i'm just kidding. happy weend. now get this new york city's mayor's office only about 25% of the city's 800 gas stayses are open at any given time during the day. here with his first-hand account what is going on at the pump i have the president of the long island gasoline retailers association. he is also a service station owner. vin, thank you so much for coming on. tell me what's it lke out there right now? >> actually it improved pretty good. today actually started i am proving. yesterday was a little better. i think each day forward will be progressively getting better. melissa: getting better how long is the line, how much gas is available? >> correct. the lines actually for me, the past few days have been about 15 minutes, 10 to 15 minutes. they have not been too bad. i think part the way we have
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our system set up. melissa: what do you mean? in terms of the rationing or why is the way you have the system set up working? >> we were originally cash only unfortunately because we couldn't take any credit cards. our network was down. it was cash only and limited it to $60 per person. i wanted to supply the community as best i could. melissa: i guess although if you're sitting in line for a long period of time you kind of want to get, you know, as much gas as you possibly can. were people mad at you about that. >> absolutely not. it was the opposite. people were happy that we were doing it that way because they felt that i was giving everybody a chance to try to get gas instead of some people originally tried pulling up with 50 barrels, 50 gallon barrel containers. melissa: in your mind is that part of the programming is the hoaing or what do you think is the real problem? >> no. originally it was supply problem and power problem. itas a two-pronged effect originally. as stations came back online
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it was definitely a supply problem. it is still a supply problem but it is getting better day by day. they brought in another terminal back online which in glenwood. so that one, glen head, i'm sorry. that one is back online. that will help alleviate some of the stress on the wholesale terminals. melissa: are you seeing, you have your own stations. have you run out of gas? and how many of the people in your network are, are they just, sort of the well-runs drr and they run out of gas and turning people away? >> yeah. we're not running out that often. i was out today for maybe an hour or two. that was about it. but you do see a lot of stations that are still dry because of the long turn around. if a truck is sitting at a terminal waiting to be load for three and four hours it will take that much longer to reach the next station and that's why the backlog is so bad. melissa: all right. kevin, thank you so much for joining us. we really appreciate it. >> no problem, thank you. melissa: so here is the question of the day. how much longer do you think the gas shortage is going to
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last? dare to guess. everyone else has been wrong. go ahead, give it ur shot. i want to hear what you think. like us on facebook.co facebook.com/melissafrancisfox or follow me on twitter @melissaafrancis. >> time for today's fuel gauge report. first up, oil pricesallied to close out a wild week. solid chinese economic da and rising u.s. consumer sentiment helped push crude above the $86 mark, settling up more than 1%. alaska receiving 255 dal million settlement from bp, exxonmobil and conocophillips the payout compensates the state from lost royalties from a 2006 pipeline spill and shutdown in the prudhoe bay oil field. the national a iranian oil company is added to the united states sanction list. it was quote, to agent or affiliate of iran's revolutionary god in september. it puts additional pressure
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or iran's slumping oil out put reportedl down more than 20% this year but who really knows. next on "money", will tax hikes for the rich kill economic growth, duh? i say it will. but a huge supporter of increases couldn't disagree with me more. we'll break out the calculators and fight over it. plus he warn of layoffs if president obama was reelected. west gait resort ceo david siegel is doing a total 180. he is here to explain. more "money" coming up. ♪
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♪ . melissa: all right. whether you're earn $250,000 a year or not you will be affected by the tax hikes on the wealthy. why? because it will kill economic growth. that could make it hard to get a job. seems so obvious to me. but a new congressional budget office report sort of mixed on the topic. christian doors ski, external and governmental affairs at economic policy independence statute. who thinks this silly report from the cbo proves me wrong and he is here to disagree
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with me. thanks for coming back on the show. it is always fun in anticipati. you like the cbo report, right? you think it proves we should tax the hell out of everybody? >>, no, no melissa. melissa: no? >> we released a similar finding several weeks ago. nice to see it confirmed on the congressional budget office. not to say when you increase taxes on the rich there are no negative economic consequences. melissa: okay. >> of course there are. it will cos jobs. melissa: well e debate over? >> cost jjbs much less than doing other things. melissa: like what? >> read further in the report it also talks about the expiring payroll tax cut as well as expiring provisions on uneloyment insurance will actually cost up to five times as many jobs as tax cuts for the rich. there are better ways to use the public dollars than tax cuts for the rich. that's all we're saying. melissa: i don't know why you would want to raise taxes on anyone when the economy is basically stalled. just seems crazy to me.
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>> well, at some point, everyone says in washington that we need to do something about our deficit and here's a good place to start. if you need to actually ing in some revenue, the best place to do it is where it will do the least harm and that is on tax cuts for the wealthy. that is something that is really una sailable. if we were in conditions if we didn't have deficit issues, of course we wouldn't have needs to raise taxes on anyone. we have competing priorities and need to find a way to start paying for them. melissa: i think we don't have a revenue problem. we have a spending problem. we're like drunken sailors. we have a credit card and think we can run it up forever. we just can't. >> that also has consequence as everyone knows with the looming so-called fiscal cliff discussion, if you cut spending too much you drive the economy into an abyss. we would all like to say we simply cut spending and live within our means but it is not as simple as that. you can also cut spending too much so you actually hurt the economy that you're supposed to help. >> i agree with what you're
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saying and this is way too civil. so i have to try to derail it somehow. or else it is no fun, right? what is the point of doing it. >> bring it, melissa, bring it on. melissa: we do, that's true. there have been many times in the past when we lowered marginal rates and increased revenue. if i were to concede it is a revenue problem which i'm not going to but for the sake of argument, under president kennedy for example we reduced top rate from 90% to 70%. >> right. melissa: in that time revenue into the treasury went up from 94 billion to 153 billion by lowering the marginal rate right there. there is your guy. look at him. >> you know we can look at that but remember, that was in 1960s. the problems we have today are a little bit different. and the problems in our economy right now, the reason that we're in this economic malaise is because we have this big gap between what the economy is producing and what it can produce. the way to fill that gap or
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to shrink that gap is to get more people out there buying things. and spending money. melissa: but, raising taxes doesn't, no, no you're talking about raising taxes. i agree with you. we need to get out people out there investing buying doing all these things. >>eah. melissa: raising taxes o anyone is then superrazy. >> but if you take, if you take tax increases on people who are spending relatively less because they have already got a whole bunch of money and investing in ways to get people who don't have as much to spend more, that is much more efficient. makes much more sense. melissa: rich people spend a lot of money. >> rich people have a lot of money. they're already spending it. they will not spend any less because they're getting marginal tax rate increase. it is not like all of a sudden, michael bloomberg or mitt romney will say oh, we can't go out to dinner next week. they will still spend their money. this is matter of saying, how do we get people who are not at that level, to have the conditions where they can spend? melissa: how about in the
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'80s? it was the same experiment where they lowered marginal tax rates and oncegain you saw revenue go up. 23% cut in tax rates. revenues 1981 to 1988 went from 599 billion, to 990 billion. the problem is revenue and want to bring in more money to the treasury there are periods of time we donist definitely according to the math. >> that is true. we looked at '60s, and looked at '80s. how about we look at 2000s? we had the most recent tax cut regime. what did it do in the recovery? gave us worst performance in economic growth and worst performance in job creation. we can look at different periods and see, and see that, you know, tax cuts are not necessarily the solution in all circumstance. >> christian, thank you for disagreeing with me. it was a lot of fun. >> melissa, hope we do it again. melissa: we will, without question. i will be less civil next time. robert gray is breaking
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news on citigroup ex-ceo, vikram pandit, compensation package. uh-oh, talkbout money? robert, go ahead. >> always comes out after 5:00 p.m. on a friday, right, melissa. in sec filing citigroup revealing the compensation package for vikram pandit forced out less than a month ago. seals like forever given the news cycle but it was in the middle of october. the board granted him $6.65 million bucks and ex-chief operate are officer john havens who stepped down at the same time, he was number two to pandit, was awarded $6.792 million. they are incentive awards or compensation packages. incentive award for vikram pandit who was forced out less than a month ago by the board. pandit and havens can not join some competitors up to 12 months. but again they're granted 6.6 million and 6.8 million bucks as incentives to walk aaay. back to you.
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>> robert gray, thanks so much. coming up on "money" david siegel warned of layoffs if president obama was reelected but none of west gait's resort employees got pink slips. he is here to tell you what they got instead. president obama and house speaker boehner at loggerheads over the fiscal cliff today. is this a song and dance before a real deal is made. we're going to explain that. do you ever have too much money? ♪ .
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melissa: like so many executives west gait resorts ceo david siegel was concerned about another four years under president obama's leadership. just before the election he sent an e-mail to all his employees saying in part,
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quote, many new taxes are levied on me or my company as our current president plans i will have no choice but to reduce the size of company. well, turns out he didn't quite follow through on the threat. instead none of his employees were fired. he gave everyone a average of 5% raise. that was so nice. why the change in heart. david siegel, chairman and ceo of westgate resorts, what happened? >> first i all i never said i was going to lay off anyone if president obama was reelected. what i said is additional taxes and obamacare could cause layoffs down the road if in fact he got reelected. and i still believe that is going to happen. you know, the comment on your last guest, don't tax people who create jobs. it's a recipe for disaster. and that's what i'm hearing. melissa: but, i mean in his argument, just to bring it back because i want to let
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you comment on what christian dorsey said. he said rich people have a lot of money f you raise their taxes they will not stop buying stuff or going out to dinner. less money, i don't know, stuff in their pillow or save for retirement, whatever it is. you don't believe that? >> if they have it stuffed in their mattress, that's fine. but if they're using it to expand their businesses, to create new jobs, that's terrible. and we shouldn't be doing it. and that'she problem with the economy right now. is the people who create the jobs are having a tough time getting financing, to expand their businesses. melissa: but, david, i mean, you sent out this letter that some people thoughtas threatening to your employees saying, you know, in essence you should think fore you vote for president obama because you may lose your job if he wins. he did win. and now you gave people raises. so makes it seem like, maybe the letter was disingenuous?
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>> well, we're vy cautiously optimistic. no one lost their jobs. in fact i gave everybody a raise, effective immediately. these people, first of all i have the greatest employees in the world. they have been with me through thick and thin. and i wanted to reward them. we're the most profitable we've been in our history. i wanted them to share in those profits. they're the ones that --. melissa: wait, wait. how are you most profitable that you have been in your history if the reason you would have to lay people off because the economy is bad, so how are you doing so well? >> let me explain. four years ago we were doing a billion dollars a year in sales. we were, we had $2 billion in construction going on. we were growing at a 20% annual rate. we were expanding. we were building. we were growing 20% a year.
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now we're doing half the amount of business. back then i was fat, dumb and happy as i callt. today we're, lean and mean. we had, we had to downsize to stay profitable. and you can't get money from banks. so you have to use your profits to grow your company, or to at least keep it stable. and that's what we're doing. so we're doing after half the business. we're not hiring anybody. we're not growing. we're not building buildings. we're not paying more taxes to the local municipalitis. we're stagnant. but we're, but we're alive and healthy. melissa: we're glad to hear that. we're glad nobody got laid off. david siegel, thanks for coming on. we appreciate it. >> you're welcome. melissa: up next, president obama throws down the gauntlet on the fiscal cliff today, promising to veto any ddals not raising taxes on the wealthy. so there.
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is it all talk and no walk? we're going to find out. plus, full steam ahead for health care reform. some states have a critical decision to make. we're going to explain. "piles of money", lots of taxes, coming up. ♪
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can ♪ . melissa: so president obama and house speaker boehner both saying that all our lawmakers need to put their differences aside and work across the aisle to prevent us from falling off the fiscal cliff. i don't know. sounds like a lot of talk to me. remains to be seen whether both sides can really work together and if the partisan bickering will go on and lead us straight over the edge here for more on this one, there you go, that's how much time we have, dennis
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kelleher, ceo of financial watchdog organization, better markets. what's going happen? >> happy friday, melissa. melissa: yes. >> you know what i think will happen have appearance of lot of partisan bickering just under the surface of a lot of conciliatory talk. but i think therewill be some hard negotiation going on here. and i think that ultimately the adults will control and you will see some serious compromises being done but people have to get there in the political process that unfortunately forces them to the extremes, rather than to being responsible compromises. melissa: does everybody hav to go to the extreme right now because you're further from your next election then you will ever ever be? almost sort of safe. you can do whatever now and people will forget by the time you go to be reelected? we have short memories. >> you're exactly right. the best time sometimes is before the next congress because you have got the lame duck. you have a lot of room to
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maneuver with retiring member and members who voluntarily retiring and involuntary littlely retiring. a lot of hysteria over the fiscal cliff ignores the fact we're right wre we're supposed to be. the cliff was constructed in a way to make the consequences so extreme that it was going to force compromise. you need not just a deadline but you basically need everybody's ox to get gored to get people to the table to get serious and that's what whave here with the expiring tax cuts and the spending increases. i'm sorry the spending cuts. so i think we're at a point where we may get some real significant progress on a bunch of these issues. melissa: like what? what do you think real outcome will be? by the way really sad what you're saying is probably true we need a gun too our head in order to get anything done. what do you think the compromise will end up being? what should i expect? will i see taxes go up? should everyone see their taxes go up? >> the president has taken the position and the campaign unfortunately did
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not discuss a lot of issues in much detail. but the one thing that got discussed a lot was raising taxes on the americans who make over $250,000, in a balanced program. now if you protect the $250,000 and under, that includes 98% of all americans and the 7%of small business. what we're really fighting about on revenue side is 2% of americans and, one would hope that nobody would cause the country to go over a cliff by protecting 2% of americans from paying a little more. we're not even talking about that much more. melissa: a little more on top, we don't need to get into the details. these are people that already pay the majority of taxes already. you're protecting, say only protecting little 2%. these are people that are already. but i -- go ahead. >> no, i'm sorry, melissa, i was going to say. let's remember what we're talking about tax rates, even if they went up,
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talking about tax rates as they were under president clinton when we had a robust econo, no detrimental consequences as a result of increase in taxes on the top 2%. melissa: w would you want to raise taxes on anybody when theconomy is absolutely stalled? >> you could make the same point about spending why would you want to cut spending wn the economy is also struggling? and therefore what you need to do to be responsible across the board --. melissa: spending is already out of control. >> given our economic circumstances what you need is a balanced approach. and it is not balanced to constantly say, that nobody, even richest of the rich, even those who have outsized gains since 2000 --. melissa: how about if we both give? how about if you raise taxes on 2% and some of really wasteful spending, my problem when i send money to washington i feel like it is a leakyiv pigs coming up to the trough to get their prk for their state and pet project. i feel like the money is not well-spent.
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if it were going to good cause. i'm happy to give money to charity. only going for a good becausas opposed going to a black hole in washington where almost no one gets anything for it. that is what drives me craz >> not just you, melissa. it's a lot of people who feel the same way. you're exactly right. so, and i think what they're going to try to do is exactly that. whh is to say you will raise some revenue, paicularly focused on those in the top 2%. at the same time you will have a serious look at bunch of spending programs. melissa: i hope. >> i think you will see serious cuts on spending side so you have a balanced approach on tax side and spending side. let's also remember that a big part of our problem right now is not really spending in the ordinary course people think about. before the financial crisis our debt-to-gdp was about 65%. today it's about 73 plus percent. that is largely due to drop in revenue and increase in spending caused by the financial crisis. so we're in a deeper hole today largely because of a financial crisis. it is not because of
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entitlement programs or spending programs. melissa: no, i don't agree on that but we don't have enough time. we'll have to debate that next time because i totally disagree with everything you just said. >> not everything? melissa: yeah. pretty much. we're setting up for a good disagree with me. thanks for coming on, we appreciate it. >> have a nice weekend. melissa: four more years for president obama leaves to last minute scrambling for states. details on a critical health care deadline is coming up next. at the end of the day it is all about money. ♪ @7
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♪ . melissa: all right, another term for president obama means full speed ahead on obamacare. just moments ago the obama administration pushed back the deadline for states to decide if they're going to create their own heth care exchanges to december 14th. it is a good thing considering that half of the states have failed to make their legislation yet. so are we, we are all going to see a lot of changes including big ones for your money. we have dr. marc egel, part of fox news's medical a-team here.
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that is news that just broke. what is your reaction about that to the deadline? >> i'm certainly glad about that because of reason you said, half of the states only committed to this. only 16 states set up state exchanges. there will be a lot of chaos is the federal government is asked to provide exchanges for half the states. nine states said we're not doing it, including texas and florida. they don't want anything to do with obamacare. the exchanges, i'm concerned there is no unifoty. they're online. not everyone use as computer. they're expensive. the congressional budget office says of 23 million uninsured expected to go to exchanges who didn't have insurance previously, 18 million will need federal subsidies, averaging $6,000 a person. here we go again, dip into the piggybank. melissa: where will the money come from? >> coming from the tax dollars. that's why we're seeing raises in taxes. obamacare is loaded with hidden taxes. taxes when you sell your
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home. taxes on medicare. taxes on payroll. taxes on medical devices. taxes on the individual mandate or penalty. melissa: i know what it means as taxpayer. once again this is another place i'm shelling out for more money. what does it mean for me as a patient? what will it look like that is different from the average person? >> i think the key here is issue of the playing field changing. i actually have always been worried that insurance itself covers too much. it is too comprehensive. i'm always a fan can the patient pay out-of-pocket tore some of this? what about a high dedoubleable? what about health savings account. melissa: you make smarter decisions about you're buying, what you're paying for, the prices are more in line. why is that a good thing. >> totally right. patients aren't sick. i don't see a patient for a while becae they're not sick. they don't want to pay out-of-pocket unless they're sick. that is now in jeopardy. melissa: people don't come in for well visits and make sure they're healthy? you don't want people to avoid going to the doctor because they hope they're okay and don't want to pay.
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>> great point. i want people coming in for well visits but those are augmented people coming in by worried well visits because insurance covers it and premiums go up. one thing to say we should cover everyone with preexisting conditions i agree with, one thing to say cover them for everything which they may not need. melissa: in the kumbayah of coming together which we have, is there something good aut obamacare and something ni about it? >> yes. one is it covers preexisting conditions. melissa: okay. >> the other is no letime limits. i don't think someone should be penalized because they used too much of their insurance. i don't like lifetime limits. if you're 23 years old in great health you need insurance that will cover you god forbid if you're ever in a catastrophe. melissa: right. >> so i think insurance we're talking about here covers too much. that's why it is so expensive. melissa:eah >> premiums will go sky-high here. melissa: they are. i know. dr. marc siegel, thanks for coming on, i think.
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after waiting for hours in a gas line you may want to come home and fix yourself a drink to take the edge off. the problem is, the booze. they are drying up in the northeast now too. oh, no! going to be a long weekend. i will explain this one ming up. you can never have too much money and maybe too many cocktails. ♪ .
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♪ - ♪ she stands in ♪ the face of evil ♪ and will not ♪ lose hope or faith ♪ america ♪ the land of freedom ♪ is still the home ♪ of the brave ♪ so raise the banner - ♪ raise the banner - ♪ called ol' glory - ♪ called ol' glory - ♪ let us join ♪ our fellow man - ♪ our fellow man - ♪ history ♪ will write the story ♪ america - ♪ america - ♪ will always stand
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♪ history ♪ will writthe story ♪ america ♪ will always stand ♪
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melissa: it is friday. can you tell? today we are joined by gop strategists, noel. she's happy, she doesn't care. it's all good. and we also had joey jackson. in case you ever wondered, it turns out that jobs like ceos and clergym, they are the ones most likely to have psychopaths working for them. these are professions least likely to attract those psychopaths out there. nurses, teachers, accountants.
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i don't know, i'm very suspicious of it. ceos in general, what is the deal without one? >> what about gop strategists? [laughter] [talking over each other] >> here is what concerns me. number two is attorney and number three is media, and number four is media. we sell our case to the jury. so i am very concerned. melissa: psychopaths in media? i don't believe that for a second. [laughter] okay, let's move on. what w tell you that there is shorge and liquor?
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apparently a warehouse was hit with a 10-foot tidal surge during hurricane sandy and they lost millions of dollars of its top shelf alcohol. they hope to have their business back in full swing with my mum. don't worry, it is all those people in new jersey. >> here is what i have to say. he is all over the place. i ive him props keeping his neighborhood informed, getting things back together. governor, you deserve a drink. melissa: yes, he worked really hard on that. >> their stations should have set up leo kasper people. [laughter] [laughter] >> why not have a cocktail because you are not driving.
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>> it would ordinarily be illegal. melissa: thank goodness. here is another one. an iphone case. check this out. this can shoot pepper spray. it has custom containers and the special shooting mechanism that can enter into self-defense mode. one major concern is how you makeure the dozen fire once in your pocket or purse. you know, it's like you accidentally but i'll people by sitting on your phone can you imagine being in a club? >> you're in the club, you have your iphone and then spray some on.
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>> how long they put a gun in these things. what an idea. melissa: from iphone's to ipads. to win this, ty had to show his nonessential and creative. would he when you think about this, joe? you're an attorney? >> is all about money and about moneymaking. get their patent and do what they have to do. keep making fine products. melissa: all right, thank you so much you guys. in some places it is already holiday. tom sullivan has something to say about that. >> melissa, was watching your show yesterday. right in the middle of you delivering some verimportant information, my eye caught
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something over your shoulder. it was that big window behind you. is that a christmas tree that i saw? yes, i was. radio city music hall. sure enough, they put up a big, giant christmas treeit up on the front of their building to promote their annual christmas spectacular. it's a gat show. but would you look at the calendar? thanksgiving is two weeks away. couldn't they wait? i know in some places santa claus and christmas decorations were in storage before halloween. but let's take on holiday at the time. but other pumpkins and then the pumpkins and pilgrims and then you can decorate for christmas. he gives more meaning to each holiday. to me, it's disgraceful that some retailers are kicking off christmas shopping at 8:00 p.m. on christmas night. thanksgiving -- a time to stop and give thanks for our blessings and not parts down

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